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. tesla gearing up to report earnings just a few hours from now. phil lebeau is behind the wheel in chicago for us. hey, phil. >> sue, you know with a stock like tesla and company like tesla a lot of people wait lot of crazy ideas about what's important behind the conference call. we've got the three numbers that you need to focus on and why they are the key to that conference call coming up on "power lunch." [ imitating car engine ] that's mine. ♪ that's mine. that's mine. ♪ come on, kyle. ♪ [ horn honks ] that's mine...kyle. [ male announcer ] revenge is best served with 272 horses. get the best offers of the season now. lease this 2014 ats for around $299 a month with premium care maintenance included. ♪ [ male announcer ] once, there was a man who found a magic seashell. it told him what was happening on the trading floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their trading platform. ♪ [ indistinct talking continues ] [
. will the investigation put a dent into future sales? phil lebeau to answer that question for us at the auto show in los angeles. phil? >> hi, tyler. what's interesting is we're hearing a lot from elon musk on twitter today. we'll give you a taste of that in a little bit. let's focus on what this investigation regarding the model s is about. it's focusing on two battery fires here in the u.s. one last month just outside of seattle, washington, that's where this video is from, and another one earlier this month in tennessee. both of those fires are the focus of the investigation. by the way, nobody was hurt or killed in either of those fires, of which elon musk referenced on twitter today, he's been tweeting out about the fact that they are now the focus of an investigati investigation. he writes what makes this incredibly unjust is that the model s to date has the best safety record of any car on the road an then puts in parentheses, no injuries or deaths ever. it is still unclear whether this investigation will actually lead to a recall. it's not uncommon that they will do an investigation and then at
cars. and our phil lebeau is on-site mingling with the top auto ceos. >> hey, tyler, electric cars a big theme at the show this year. this is one of the new ones introduced, volkswagen's e gulf we'll talk with the head of volkswagen of america when "power lunch" returns. [ bagpipes and drums playing over ] [ music transitions to rock ] make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you open an account. >>> day two of the l.a. auto show and cnbc is all over the hottest cars or phil lebeau is. he's on-site with the first on cnbc interview with the ceo of volkswagen of america. phil? >> thank you, tyler. i'm here with jonathan browning the gentleman who runs volkswagen of america and we're standing in front of your newest vehicle you unveiled the e gulf, e for electric. how much due mand is out there in your opinion in terms of electric vehicle? >> the electric vehicle demand is a small minority of the total market price but it's growing. for example, in our long-term plannin
of it. back to you. >> scott, thank you very much. phil lebeau joins us with the ripple effects that this incident is likely and is already having on eyre travel, certainly in the western part of the united states. with a ground hold if you're in atlanta and bound for los angeles your plane doesn't leave. >> no, you're sitting there. interesting note here is take a look at those flights that are already in the los angeles area. they've been essentially as they're brought in there in a holding pattern. few flights have landed. it's a matter of how much fuel do you have before they say we can bring new here and land you, and then we're going to keep you parked to the side or if they have to move them over to let's say john wayne airport out in orange county or one of the other airports out there in california. keep in mind it wasn't just the terminal where there were evacuati evacuations. it was the others as well. yes there will likely be rescreenings taking place because the concern from the tsa is was this just an isolated incident or is this one incident part of something larg
. another fire in a model "s." cnbc's phil lebeau is following this story. hi, phil. >> reporter: hi, tyler. this is one that's still under investigation. we want to show you some pictures from the tennessee highway patrol. this is of the model "s" after the fire was extinguished. it happened yesterday, yesterday afternoon, in murfreesboro, tennessee. the driver, by the way, escaped this without any injury. the model "s" did not hit another car in this incident. instead is drove over a trailer hitch. that hitch that apparently punctured the battery compartment underneath the model "s." and again, the driver escaped without injury. this is the third model "s" fire in the last six weeks. remember there was one in suburban seattle, then one in mexico and now this one. tesla is sending investigators to tennessee to look into what's happened. what about the federal government? will it now investigate the model "s"? the ntsb says it will contact the local authorities who are looking into the incident to determine if there are vehicle safety implications that merit agency action. keep in mind, tes
that the plane maker rejecting a controversial contract proposal. it could have big ramifications. our phil lebeau in chicago. phil, this seemed like a real important vote not just for boeing but also for the labor community as a whole. >> absolutely because this is one of those plumb possibilities out there in terms of where boeing puts the 777 x plane. the union, the machinist in seattle, had a chance to vote on a contract offer which would extend through 2024. two-thirds of the members voted it down last night. here's a sense of what they were feeling as they were voting. >> i was quite certain it was not going to pass. i could not see my brothers and sisters taking this and the way it was presented to us as extortion and accepting it. >> they choose to take the 777 x the same path they took the 787 and commit corporate suicide, it's their business. it's not ours. >> keep in mind, boeing offered a guarantee of the 777x being built in the puget sound if the union agreed to that eight-year contract which would have had some changes to the pension, a 1% a year pay raise. they would have had to pay
base some 12 miles away. we expect it to take off any time now. phil lebeau has been following the story, and he joins us live from chicago. phil, first of all, how did this happen? and second of all, this is a much shorter strip than mcconnell has. how's this going to work? >> reporter: let's start first with taking off and the shorter runway. the runway at jabara airport is about 6,100 feet long. typically a 747 modified like this would have a ruppway of at least 9,100 feet, a 3,000-foot difference. they're not going to take off until all parties sign off. authorities say yes, we believe we have enough room for taking off. that's the takeoff we may see relatively soon. as for how it got here, the dreamlifter was carrying 787 dreamliner parts from italy, stopped in new york and was on its way to the facility in wichita, spirit air systems where it was going to be dropping off parts, picking up others. as the pilots were coming in on approach late last night, listen to the exchange between the dreamlifter pilot and the air traffic control tower. >> 4241 heavy, do you know which
. cnbc's phil lebeau joins us from chicago. three big stories that fall in your area, phil. first boeing soliciting bids for its new 77 x production site. who's in contention sp. >> it's too early to say any one location has an edge over others, although there are natural advantage certain locations have. here are a few of the cities we've confirmed independently as well talking with sources in the running for the landing the 777 x location. seattle, washington, because of the facilities there, long beach, salt lake city, huntsville, alabama, and the boeing facility in charleston. keep this in mind, boeing says it will not negotiate with the machinist union out there in seattle which is interesting because if they were to work out a deal at the last second, you wouldn't see anything develop, sue. but as it is right now boeing says it is moving forward and will make a decision some time early next year about a 777 location. i know that you asked the ceo about that last time you talked to him. very interesting. boeing advising airline about the risk of engine icing problems on the 747 and
. robert frank is here, phil lebeau is there. some of the states, folks, with the highest taxes also have the highest populations of millionaires. rob, you run the numbers on this. >> yeah. >> what did you find? >> big debate whether high taxes chase out the rich. i took a state by state millionaire count and overlaid the tax rates on those. some of the highest taxed states had the most growth in mull it ty millionaires, california number one in glowing multimillionaire population over the past year. the number one state on a percentage growth basis was massachusetts, that's also a pretty high taxed state and number one city for growing millionaires was new york city. with a 12 plus percent tax rate. so again, this could be despite the tax hikes in these places, not because of them. but basically this shows little correlation in how many millionaires a state can grow with the tax rates. >> really speaks, i guess, phil, more to the vibrancy of the economy. sometimes the sheer scale of the economy. i guess it should be no surprise that california would add the most. it's the biggest state a
Search Results 0 to 8 of about 9

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